Rick’s Featured Trade Ideas

CSTE/Long (Basic materials)  CSTE has posted higher lows and higher highs coming off the bottom with a Rounded Bottom Breakout and an explosion candle off a double bottom.  The past week we’ve seen minor profit taking and resting on the T-Line with the Doji at the close of yesterday.
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We go over all Trade Ideas (entry, stop, targets) in the trading room starting at 9:10 AM EDT today.

CSTE/ Profits through education  Nov 12
Possible entry plan idea:   Buy box $Members Only
Possible stop plan idea:   Close below $
Risk Reward 9:1 depending on entry/exit/stop

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Member’s trade idea October 8,  (VTL) currently up 83%
Member’s trade idea August 13, (WTW) currently up 207%
Member’s trade idea October 27, (MEET) currently up 18%

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SPY:  The $206.95 low was able to keep the sellers away yesterday, but the buyers were not able to close over the T-Line.  The buyers managed to put together an early morning bullish high but gave it all back closing down .39% with a dark cover candle in sideways consolidation.  There is an above average probability that we see a low today that meets the $206.95 or breaches that number.  Overall, the Bulls have managed to keep us above the 23.6 fib level, the 200-day simple moving average and the big three.  The SPY is still in the short-term downward channel that I drew on my chart in the trading room and is still on track to my mid-$204 target area.
IWM:  After yesterday’s bearish engulf, IWM is likely to see $116.00.
SMH:  SMH has minor support waiting for it at about $52.90.
IYT:  IYT continues to act like an old broken down car; it doesn’t work.
S&P VIX Short-Term Futures VXX:  One day it’s above the T-Line and the next day it’s below the T-Line, but while it’s playing that game it is trying to construct a little rounded Bottom.

This Week’s Economic Calendar—> Click Here

Each day 10 -15 stocks are posted in the members area that I believe are poised to move 10-20% (maybe more) within the next few days based on the charts. As you know some work and some don’t…Welcome to trading. Please follow your trading rules for entry stops and profits. Remember to check for earnings!
Symbols from TC2000

Keep your eye on the inverse ETF’s They trade well!
To see all of today’s trade ideas Click Here
Investing and Trading involves significant financial risk and is not suitable for everyone. No communication or chat sessions should be considered as financial or trading advice. All information is intended for Educational Purposes Only.

VXX S&P 500 VIX Short Term Futures:  A close above the T-Line ™ implies the bullish short-term swing traders are in control.  A close below the T-Line ™ implies the bearish short-term swing traders are in control.

Energy Sector: XLE, SX90, ERX, USO  A close above the T-Line ™  implies the bullish short-term swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control.

SMH: A close above the  T-Line ™ implies the above short-term swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control.

IYT: A close above the  T-Line ™ implies the above short-term bullish swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control.

US Dollar Index: UUP, DXYO A close above the  T-Line ™  implies the bullish short-term swing traders are in control. A close below the T-Line ™ implies the bearish short-term swing traders are in control.  Learn more about the T-Line – Click Here

The information in this email and Blog Post are notes to myself and should NOT be construed as financial or trading advice.

Investing and Trading involves significant financial risk. No communication should be construed as financial or trading advice. All information provided is for Educational Purposes Only.

Investing and Trading involves significant financial risk and is not suitable for everyone. No communication or chat sessions should be considered as financial or trading advice. All information is intended for Educational Purposes Only.

http://hitandruncandlesticks.com Trading for Profit is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not tell or suggest which securities or currencies customers or subscriber should buy or sell. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here.